Question

Describe the poverty trends in india since 1973 economics any 5 points

Answer 1

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There is substantial decline in poverty ratios in India from about 55% in 1973 to 36 % in 1993. The propotion of people below poverty line further came down to about 26% in 2000. Although the percentage of people living under poverty declined in the earlier decades(1973 -1993) the number of poor remained stable around 320 million for a long period. The latest estimates indicate a significant reduction in the number of poor to about 260 million.

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